Rivian stock could crash another 45% from here: Barclays warns

on Feb 12, 2024
  • Barclays slashed his price target on Rivian to $9.0 on Monday.
  • Analyst Dan Levy explained why in a research note today.
  • Rivian stock is already down well over 20% year-to-date.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

Rivian Automotive Inc (NASDAQ: RIVN) is already down well over 20% year-to-date but a Barclays analyst warns it could continue to sink sharply over the next twelve months.

Rivian stock has downside to $9.0

Copy link to section

Dan Levy downgraded the electric vehicles company this morning to “equal weight” and slashed his price to $9.0 which suggests an alarming 45% downside from here.

The analyst is super dovish on Rivian stock primarily because he expects the broader slowdown in the EV space to make it harder for the Nasdaq-listed firm to turn positive in terms of margins and cash flow.

$RIVN is scheduled to report its financial results for the fourth quarter on February 21st. Consensus is for it to lose $1.67 a share versus $1.73 per share a year ago.

Rivian deliveries were down 10% in Q4

Copy link to section

A continued need for raising new capital particularly “in preparation for the high volume R2 in 2026” also factored into Dan Levy’s bearish call on Rivian stock today.

Featured Broker

Looking to invest?

Invest globally in stocks, options, futures, currencies, bonds and funds from a single unified platform, with our highest-rated broker.


Weaker demand is a threat to volume outlook and pricing – which suggests $RIVN will “miss its 2024 target of reaching gross margin profitability”, as per his research note to clients on Monday.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

In January, Rivian Automotive Inc said it delivered 13,972 vehicles in total in the fourth quarter – down some 10% sequentially but roughly in line with 14,000 deliveries that analysts had forecast.

Note that Barclays view is in contrast with our market analyst Crispus Nyaga who recently added the Irvine-headquartered firm to his list of top EV stocks to buy on the dip.  


Copy expert traders easily with eToro. Invest in stocks like Tesla & Apple. Instantly trade ETFs like FTSE 100 & S&P 500. Sign-up in minutes.


eToro offers real assets only, no CFD products. eToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation.

Get demo account
Rivian USA Electric Vehicle (EV) Manufacturing North America Stock Market Tech Trading Ideas World